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To: jan m. who wrote (7370)	12/16/1997 7:53:00 PM
From: TokyoMex	Read Replies (3) \| Respond to of 31646

Jan, Renn filed to sell 25,000 out of 1 1/2 million. Come on now... As for NMS its Jans Dept with Betz to keep us posted ;-). As for news, I try to sniff around, but I dont have any inside track from ceos mouth.. As for CDs and new employees.. They flat refuse to answer, except to say its going well. Also IR was bitching this morning that he was getting too many EMs and phone calls. Its eating up at least one hour of his daily routine now to answer all the ems and phone calls. Lets lay off for now... Joe

To: jan m. who wrote (7370)	12/16/1997 8:53:00 PM
From: Tim J. Flick	Read Replies (2) \| Respond to of 31646

Jan... Renn is merely dressing up their books for yearend. There is obvious supply in the market and the players have smelled it for a few weeks. I am trying to get a handle on how many shares Renn has to go to get cleaned up. My guess is that if they have as many shares for sale as it appears, I look for lower prices. However, back the truck up on the last two days of the month. If they still have a position they will get agressive with their selling to close out the year and a great opportunity will present itself maybe under $5.00. Again, just a potential outcome. No problem on stock runup with the number of shares out. If the right people find this story 40 million shares would not matter. Good Luck!!